www.upstreamonline.com http://www.upstreamonline.com/ www.upstreamonline.com Ensco in $64m jack-up deal http://www.upstreamonline.com/live/article1359465.ece Drilling contractor Ensco has struck a $64 million deal to sell the Ensco 85, a 1981-built jack-up, as part of a fleet-modernisation push. Kathrine.Schmidt@upstreamonline.com (Kathrine Schmidt) http://www.upstreamonline.com/live/article1359465.ece Thu, 24 Apr 2014 22:30:38 +0000 live Weatherford cuts over 3300 jobs http://www.upstreamonline.com/live/article1359464.ece Service giant Weatherford plans to eliminate more than 6600 jobs and close up to 50 "underperforming" offices globally by years' end as the company pushes ahead with a corporate slimdown. Kathrine.Schmidt@upstreamonline.com (Kathrine Schmidt) http://www.upstreamonline.com/live/article1359464.ece Thu, 24 Apr 2014 21:52:16 +0000 live Bomb closure hits Colombia output http://www.upstreamonline.com/live/article1359461.ece The month-long closure of a key Colombian oil pipeline following a bomb attack has cut the Andean nation's daily crude output by about 72,000 barrels, or about 7%, according to data from state-run oil company Ecopetrol, which owns the duct, according to a report. Kathrine.Schmidt@upstreamonline.com (Kathrine Schmidt) http://www.upstreamonline.com/live/article1359461.ece Thu, 24 Apr 2014 20:21:55 +0000 live Williams plant blaze 'still raging' http://www.upstreamonline.com/live/article1359460.ece A fire continued to burn on Thursday morning at a Williams Partners gas-processing facility in town of Opal in the US state of Wyoming, according to reports. Kathrine.Schmidt@upstreamonline.com (Kathrine Schmidt) http://www.upstreamonline.com/live/article1359460.ece Thu, 24 Apr 2014 17:51:45 +0000 live Bids sought for Teapot Dome field http://www.upstreamonline.com/epaper/article1359449.ece Acquisition and divestiture specialist Meagher Energy Advisors has won a contract from the US government to market the Naval Petroleum Reserve 3 – also known as the Teapot Dome field - in Wyoming. Kathrine.Schmidt@upstreamonline.com (Kathrine Schmidt) http://www.upstreamonline.com/epaper/article1359449.ece Thu, 24 Apr 2014 15:25:01 +0000 epaper Denmark launches latest acreage round http://www.upstreamonline.com/epaper/article1359444.ece Denmark kicked off its latest licensing round with the Central Graben area once again grabbing the limelight. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/epaper/article1359444.ece Thu, 24 Apr 2014 14:51:05 +0000 epaper Ferus buys out EnCana at LNG plant http://www.upstreamonline.com/epaper/article1359436.ece Calgary’s Ferus Natural Gas Fuels has gained full ownership of its new liquefied natural gas facility in Elmworth, Alberta after buying out EnCana Corporation’s half f the project. Bill.Lehane@upstreamonline.com (Bill Lehane) http://www.upstreamonline.com/epaper/article1359436.ece Thu, 24 Apr 2014 14:21:50 +0000 epaper Saipem faces ‘transitional’ year http://www.upstreamonline.com/epaper/article1359431.ece Saipem is facing a “transitional” year after hitting “headwinds” in the first quarter, but is still aiming for net profit of up to $524 million this year. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/epaper/article1359431.ece Thu, 24 Apr 2014 13:21:00 +0000 epaper PetroChina slides on oil price drop http://www.upstreamonline.com/live/article1359429.ece PetroChina saw net profit fall in the first quarter as international crude oil prices decreased. (News Wires) http://www.upstreamonline.com/live/article1359429.ece Thu, 24 Apr 2014 12:30:18 +0000 live Costs cut Cameron in Q1 http://www.upstreamonline.com/epaper/article1359427.ece US contractor Cameron saw its bottom line dashed in the first quarter as higher costs eroded much-improved revenues. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/epaper/article1359427.ece Thu, 24 Apr 2014 12:03:51 +0000 epaper Noble Energy profit drops http://www.upstreamonline.com/live/article1359424.ece Net profit sank at US independent Noble Energy in the first quarter despite a rise in output. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/article1359424.ece Thu, 24 Apr 2014 11:42:31 +0000 live DECC backs shale emissions monitoring http://www.upstreamonline.com/live/article1359423.ece The UK government has endorsed the findings of an expert report that sought new research, better monitoring and greater use of new technology to limit the greenhouse gas emissions impact of shale gas. Bill.Lehane@upstreamonline.com (Bill Lehane) http://www.upstreamonline.com/live/article1359423.ece Thu, 24 Apr 2014 11:17:05 +0000 live Patterson-UTI profit tumbles 38% http://www.upstreamonline.com/live/article1359419.ece Onshore driller Patterson-UTI Energy reported net income of $34.8 million for the first quarter, down 38% compared to the same period last year as weather impacted operations. Bill.Lehane@upstreamonline.com (Bill Lehane) http://www.upstreamonline.com/live/article1359419.ece Thu, 24 Apr 2014 10:44:53 +0000 live H&P inks rig orders, ups capex http://www.upstreamonline.com/epaper/article1359418.ece Helmerich & Payne (H&P) has ordered a plethora of new land rigs after tying up multi-year deals with a host of oil companies. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/epaper/article1359418.ece Thu, 24 Apr 2014 10:43:02 +0000 epaper Diamond drops in Q1 http://www.upstreamonline.com/live/article1359416.ece Profit slumped at US rig owner Diamond Offshore Drilling in the first quarter as revenues waned and costs were on the rise. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/article1359416.ece Thu, 24 Apr 2014 10:27:13 +0000 live Argentina parliament 'backs Repsol deal' http://www.upstreamonline.com/live/article1359294.ece The Argentinean parliament has approved the $5 billion compensation deal reached with Spain’s Repsol over the expropriation of re-nationalised oil company YPF, reports have said. Bill.Lehane@upstreamonline.com (Bill Lehane), (News Wires) http://www.upstreamonline.com/live/article1359294.ece Thu, 24 Apr 2014 10:04:13 +0000 live Report points to UK shale supply prize http://www.upstreamonline.com/epaper/article1359287.ece The UK government and industry need to encourage investment, set common supply standards and fill a skills gap to take advantage of a budding shale supply chain that could generate more than 64,000 jobs, a new analysis has found. Bill.Lehane@upstreamonline.com (Bill Lehane) http://www.upstreamonline.com/epaper/article1359287.ece Thu, 24 Apr 2014 08:39:20 +0000 epaper Leni opts against MOG appeal http://www.upstreamonline.com/epaper/article1359286.ece Leni Gas & Oil (LGO) has decided not to pursue Mediterranean Oil & Gas (MOG) further through the courts after recently losing a suit over a farm-out deal. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/epaper/article1359286.ece Thu, 24 Apr 2014 08:07:09 +0000 epaper Repsol spins Namibian bit http://www.upstreamonline.com/live/article1359279.ece Spanish giant Repsol has finally started drilling the Welwitschia-1 wildcat on PEL 0010 off Namibia. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/article1359279.ece Thu, 24 Apr 2014 07:08:40 +0000 live Tethys hits Kazakhstan pay http://www.upstreamonline.com/epaper/article1359278.ece Dual-listed Tethys Petroleum has intersected a massive pay zone in the AKK19 well in Kazakhstan - the company’s third successful well in the country. bianca.bartucciotto@upstreamonline.com (Bianca Bartucciotto) http://www.upstreamonline.com/epaper/article1359278.ece Thu, 24 Apr 2014 06:33:32 +0000 epaper TGS gathers Barents seismic http://www.upstreamonline.com/epaper/article1359277.ece Norwegian seismic player TGS has kicked off two new projects in the Barents Sea aimed at providing more data prior to the closing of the 23rd Norwegian licensing round. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/epaper/article1359277.ece Thu, 24 Apr 2014 06:24:05 +0000 epaper Technip profit slumps http://www.upstreamonline.com/epaper/article1359276.ece French contracting company Technip has posted a massive loss in quarter-on-quarter income, despite a jump in revenue. bianca.bartucciotto@upstreamonline.com (Bianca Bartucciotto) http://www.upstreamonline.com/epaper/article1359276.ece Thu, 24 Apr 2014 05:54:12 +0000 epaper Oil Search makes KRG find http://www.upstreamonline.com/live/article1359275.ece Australia-listed Oil Search has found hydrocarbons in the Taza-2 well in the Kurdistan Region of Iraq. bianca.bartucciotto@upstreamonline.com (Bianca Bartucciotto) http://www.upstreamonline.com/live/article1359275.ece Thu, 24 Apr 2014 05:21:13 +0000 live Brent rises on Ukraine tension http://www.upstreamonline.com/live/article1359274.ece Brent futures rose on Thursday as Russia vowed to respond if its interests in Ukraine came under attack, stoking fears of an escalation in tensions that have pushed the oil benchmark up 5% this month to hover above $109 a barrel. (News Wires) http://www.upstreamonline.com/live/article1359274.ece Thu, 24 Apr 2014 04:19:49 +0000 live Explosion shuts down gas processing facility http://www.upstreamonline.com/epaper/article1359272.ece An explosion has rocked a Williams Partners-operated gas processing facility in Lincoln County, near the town of Opal in the US state of Wyoming. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/epaper/article1359272.ece Thu, 24 Apr 2014 04:03:39 +0000 epaper CNOOC Ltd offers $4bn bonds http://www.upstreamonline.com/live/article1359271.ece The overseas arm of state-run China National Offshore Oil Corporation (CNOOC) is offering $4 billion worth of bonds to help repay loans related to its takeover of Canada’s Nexen last year. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/article1359271.ece Thu, 24 Apr 2014 01:30:52 +0000 live Kentz wins $125m Kuwait deal http://www.upstreamonline.com/live/article1359270.ece London-listed Kentz has won a $125 million contract for work in Kuwait with Texas-based Fluor. bianca.bartucciotto@upstreamonline.com (Bianca Bartucciotto) http://www.upstreamonline.com/live/article1359270.ece Thu, 24 Apr 2014 00:57:17 +0000 live Rex wraps up Trinidad acquisition http://www.upstreamonline.com/epaper/article1359269.ece Rex International’s majority-owned subsidiary, Caribbean Rex, has gained a further 25% interest in the South Erin Block in Trinidad. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/epaper/article1359269.ece Thu, 24 Apr 2014 00:08:52 +0000 epaper Nido starts Philippines farm-out http://www.upstreamonline.com/epaper/article1359268.ece Australia-listed Nido Petroleum has completed the first stage of its farm-out in the Philippines. bianca.bartucciotto@upstreamonline.com (Bianca Bartucciotto) http://www.upstreamonline.com/epaper/article1359268.ece Thu, 24 Apr 2014 00:00:26 +0000 epaper Diamond Offshore lands Vietnam gig http://www.upstreamonline.com/epaper/article1359266.ece Diamond Offshore has signed its semi-submersible Ocean Quest to a 10-well contract off Vietnam for Petrovietnam Exploration & Production (PVEP). Kathrine.Schmidt@upstreamonline.com (Kathrine Schmidt) http://www.upstreamonline.com/epaper/article1359266.ece Wed, 23 Apr 2014 22:40:49 +0000 epaper Rowan Renaissance gets to work for Repsol http://www.upstreamonline.com/epaper/article1359267.ece The newbuild drillship Rowan Renaissance has begun work for Spanish giant Repsol at a well off West Africa after a months-long delay in accepting the rig. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/epaper/article1359267.ece Wed, 23 Apr 2014 22:29:16 +0000 epaper Oceaneering boosts profits http://www.upstreamonline.com/live/article1359262.ece US subsea specialist Oceaneering boosted first-quarter profits on continued strong business for its remotely operated vehicle (ROV) segment. Kathrine.Schmidt@upstreamonline.com (Kathrine Schmidt) http://www.upstreamonline.com/live/article1359262.ece Wed, 23 Apr 2014 21:34:45 +0000 live Canada to move fast on rail car rules http://www.upstreamonline.com/live/article1359263.ece Canada will require that the use of older rail cars for carrying crude be phased out within three years, even though the US has yet to make such a rule change, according to a report. (News Wires) http://www.upstreamonline.com/live/article1359263.ece Wed, 23 Apr 2014 21:33:32 +0000 live CB&I sales rocket http://www.upstreamonline.com/live/article1359261.ece Infrastructure giant CB&I posted quarterly sales and revenue growth for a banner quarter that also saw the company land $5.8 billion in new contracts. Kathrine.Schmidt@upstreamonline.com (Kathrine Schmidt) http://www.upstreamonline.com/live/article1359261.ece Wed, 23 Apr 2014 21:15:27 +0000 live Jury awards family $3m in fracking suit http://www.upstreamonline.com/epaper/article1359260.ece A privately held oil and gas outfit active in the Barnett shale of northern Texas faces a $3 million penalty after a jury found the company responsible for illnesses suffered by a local family. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/epaper/article1359260.ece Wed, 23 Apr 2014 20:59:55 +0000 epaper Moscow to meet Ukraine for energy talks http://www.upstreamonline.com/live/article1359259.ece European and Russian officials will meet this week and next for emergency talks to try to prevent Moscow cutting off gas supply to Ukraine, as Europe explores how to pump more gas to the struggling country, according to a report. (News Wires) http://www.upstreamonline.com/live/article1359259.ece Wed, 23 Apr 2014 20:44:27 +0000 live Hercules lands jack-up contracts http://www.upstreamonline.com/epaper/article1359253.ece US rig contractor Hercules Offshore has penned two new contracts for US Gulf of Mexico jack-ups, underlining a strengthening market in the region. Kathrine.Schmidt@upstreamonline.com (Kathrine Schmidt) http://www.upstreamonline.com/epaper/article1359253.ece Wed, 23 Apr 2014 18:18:04 +0000 epaper CNOOC Ltd names new Nexen boss http://www.upstreamonline.com/live/article1359251.ece China's CNOOC Ltd has named a company veteran to helm its Canadian subsidiary Nexen more than a year after it closed on a deal to buy the North American producer. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/article1359251.ece Wed, 23 Apr 2014 17:51:35 +0000 live Pacific Rubiales impacted by pipeline attacks http://www.upstreamonline.com/epaper/article1359245.ece Canadian producer Pacific Rubiales on Wednesday warned that a key Colombia field as well as operating costs were impacted in the first quarter by drought and pipeline attacks by militants. Kathrine.Schmidt@upstreamonline.com (Kathrine Schmidt) http://www.upstreamonline.com/epaper/article1359245.ece Wed, 23 Apr 2014 16:43:47 +0000 epaper Wessex rebel shareholders name nominees http://www.upstreamonline.com/epaper/article1359225.ece The would-be ousters of the board of Wessex Exploration have revealed their four nominees to replace the current directors of the cash-strapped UK junior. Bill.Lehane@upstreamonline.com (Bill Lehane) http://www.upstreamonline.com/epaper/article1359225.ece Wed, 23 Apr 2014 15:38:09 +0000 epaper PSA: 'Show us Goliat back-up plan' http://www.upstreamonline.com/live/article1359214.ece Eni reportedly has been asked by Norway’s safety agency to present a back-up plan for completion of the floating production unit for its Goliat oilfield in the Barents Sea amid concern over the mounting workload to finish construction of the vessel. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/article1359214.ece Wed, 23 Apr 2014 14:48:35 +0000 live OMV lifts output by 3% in Q1 http://www.upstreamonline.com/live/article1359202.ece Austria’s OMV said it raised production by just under 3% year-on-year in the first quarter to 311,000 barrels of oil equivalent and by about 12% from the fourth quarter of 2013's output of 277,000 boepd. Bill.Lehane@upstreamonline.com (Bill Lehane) http://www.upstreamonline.com/live/article1359202.ece Wed, 23 Apr 2014 14:05:16 +0000 live UK offshore supply chain ‘worth $60bn’ http://www.upstreamonline.com/epaper/article1359201.ece The offshore oil and gas supply chain is worth an estimated £35 billion ($60 billion) per year to the UK economy, a major study has claimed. (Rob Watts) http://www.upstreamonline.com/epaper/article1359201.ece Wed, 23 Apr 2014 13:56:57 +0000 epaper Gulfport Energy promotes Moore to CEO http://www.upstreamonline.com/epaper/article1359194.ece US shale explorer Gulfport Energy has appointed Micheal Moore as its chief executive following February’s retirement of long-time leader James Palm. Bill.Lehane@upstreamonline.com (Bill Lehane) http://www.upstreamonline.com/epaper/article1359194.ece Wed, 23 Apr 2014 13:38:25 +0000 epaper Rosneft ‘eyes Angola entry’ http://www.upstreamonline.com/live/article1359185.ece Russia’s Rosneft is sizing up a move into the Angolan market with prospective oil and gas basins possibly in the state-controlled giant’s sights. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/article1359185.ece Wed, 23 Apr 2014 13:19:02 +0000 live RWE on Titan sidetrack http://www.upstreamonline.com/live/article1359190.ece German explorer RWE Dea has kicked off drilling of a sidetrack at its Titan discovery in the northern North Sea off Norway after wrapping up an appraisal well at the find. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/article1359190.ece Wed, 23 Apr 2014 13:07:53 +0000 live BP in $378m Shah Deniz 2 award http://www.upstreamonline.com/epaper/article1359179.ece BP has handed Keppel Offshore & Marine and others a large contract to build a subsea construction vessel for the giant Shah Deniz 2 project in Azerbaijan. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/epaper/article1359179.ece Wed, 23 Apr 2014 12:28:55 +0000 epaper Malta wildcat in sight for Genel http://www.upstreamonline.com/epaper/article1359180.ece Genel Energy is set to finally kick off drilling of a delayed wildcat off southern Malta next month, with the rig to be mobilised shortly to the well location, according to partner Mediterranean Oil & Gas (MOG). Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/epaper/article1359180.ece Wed, 23 Apr 2014 12:27:34 +0000 epaper Lukoil Overseas sees profit plunge http://www.upstreamonline.com/epaper/article1359166.ece The international arm of Russian independent Lukoil saw a significant fall in net profit in 2013 amid lower production and heavy investment at Iraq’s West Qurna 2 oilfield. Bill.Lehane@upstreamonline.com (Bill Lehane) http://www.upstreamonline.com/epaper/article1359166.ece Wed, 23 Apr 2014 11:29:47 +0000 epaper Strong sales for Hercules http://www.upstreamonline.com/epaper/article1359165.ece Hercules Offshore posted a rise in revenues in the first quarter due in large part to strong jack-up activity in the US Gulf of Mexico. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/epaper/article1359165.ece Wed, 23 Apr 2014 11:26:16 +0000 epaper Expro wins Shah Deniz 2 subsea deal http://www.upstreamonline.com/epaper/article1359156.ece Oilfield services contractor Expro has secured a deal worth nearly $100 million with BP related to subsea installation work on the UK operator’s Shah Deniz 2 project off Azerbaijan. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/epaper/article1359156.ece Wed, 23 Apr 2014 10:24:30 +0000 epaper Maersk Oil hires Atkins for floater works http://www.upstreamonline.com/live/article1359150.ece UK consultancy hired to oversee work on trio of North Sea production facilities Bill.Lehane@upstreamonline.com (Bill Lehane) http://www.upstreamonline.com/live/article1359150.ece Wed, 23 Apr 2014 10:02:00 +0000 live Huntington in new shut-in http://www.upstreamonline.com/epaper/article1359142.ece E.ON Exploration & Production has again been forced to shut in its Huntington field off the UK due to a further technical issue with the floating production, storage and offloading unit, according to partner Noreco. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/epaper/article1359142.ece Wed, 23 Apr 2014 09:37:47 +0000 epaper Centrica has Ivory 'in sights' http://www.upstreamonline.com/live/article1359139.ece Centrica has reportedly lined up an ultra-deepwater wildcat targeting the Ivory prospect in the Norwegian Sea later this year. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/article1359139.ece Wed, 23 Apr 2014 08:42:33 +0000 live ARKeX in FTG shoot over Barents blocks http://www.upstreamonline.com/epaper/article1359131.ece UK geophysical service provider ARKeX is gathering more than 42,000 square kilometres of full tensor gradiometry (FTG) data over acreage to be offered in Norway’s south-eastern Barents Sea. Bill.Lehane@upstreamonline.com (Bill Lehane) http://www.upstreamonline.com/epaper/article1359131.ece Wed, 23 Apr 2014 08:42:22 +0000 epaper S Sudan: ‘Bentiu will be reclaimed’ http://www.upstreamonline.com/live/article1359127.ece South Sudan has said it is only a matter of time before government troops win back control of a key oil patch that was seized recently by rebels in bloody gun battles. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/article1359127.ece Wed, 23 Apr 2014 08:27:44 +0000 live Reef Subsea does the splits http://www.upstreamonline.com/live/article1359123.ece Reef Subsea is to be divided up into three independent entities focusing on separate business areas following a buyout of the Norwegian subsea contractor by private equity player HitecVision earlier this year. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/article1359123.ece Wed, 23 Apr 2014 07:42:25 +0000 live Rosneft mulls Mozambique move http://www.upstreamonline.com/live/article1359120.ece Rosneft could be looking for a way into Mozambique’s giant gas plays after a high-level meeting between the company and government officials in Russia. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/article1359120.ece Wed, 23 Apr 2014 07:03:19 +0000 live Max hits oil http://www.upstreamonline.com/live/article1359119.ece London-listed Max Petroleum has hit oil in an appraisal well on the East Kyzylzhar I field, onshore Kazakhstan. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/article1359119.ece Wed, 23 Apr 2014 06:18:37 +0000 live Plexus wins Moroccan contract http://www.upstreamonline.com/live/article1359118.ece AIM-listed Plexus has won a £600,000 ($1 million) contract for work at an offshore exploration well in Morocco. bianca.bartucciotto@upstreamonline.com (Bianca Bartucciotto) http://www.upstreamonline.com/live/article1359118.ece Wed, 23 Apr 2014 06:13:26 +0000 live Brent holds on Chinese numbers http://www.upstreamonline.com/live/article1359114.ece Brent futures held above $109 per barrel on Wednesday with the global demand growth outlook largely unchanged after a Chinese manufacturing survey showed an easing pace of decline. (News Wires) http://www.upstreamonline.com/live/article1359114.ece Wed, 23 Apr 2014 05:17:01 +0000 live WestSide to kick off Meridian expansion http://www.upstreamonline.com/epaper/article1359110.ece Australian company WestSide is on track to kick off a six-well campaign next month at the Meridian gas field, onshore Queensland. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/epaper/article1359110.ece Wed, 23 Apr 2014 04:23:58 +0000 epaper Halcon spins Eagle Ford bit http://www.upstreamonline.com/live/article1359109.ece Houston-based Halcon Resources and Australian farm-in partner Austin Exploration have spud a pair wells in the Eagle Ford shale of Texas. bianca.bartucciotto@upstreamonline.com (Bianca Bartucciotto) http://www.upstreamonline.com/live/article1359109.ece Wed, 23 Apr 2014 02:29:00 +0000 live Elk wraps up Singleton deal http://www.upstreamonline.com/live/article1359108.ece Australia-listed Elk Petroleum has wrapped up its acquisition of the Singleton oilfield in the US state of Nebraska. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/article1359108.ece Wed, 23 Apr 2014 02:06:49 +0000 live PTTEP in Hess Thailand buy http://www.upstreamonline.com/epaper/article1359107.ece Thai company PTT Exploration & Production (PTTEP) has successfully taken over Hess in Thailand for $1 billion. bianca.bartucciotto@upstreamonline.com (Bianca Bartucciotto) http://www.upstreamonline.com/epaper/article1359107.ece Wed, 23 Apr 2014 01:55:59 +0000 epaper Tullow starts Kenyan shoot http://www.upstreamonline.com/live/article1359106.ece London-based Tullow Oil has started its 2D seismic acquisition programme in Kenya. bianca.bartucciotto@upstreamonline.com (Bianca Bartucciotto) http://www.upstreamonline.com/live/article1359106.ece Wed, 23 Apr 2014 01:19:03 +0000 live More promising signs at Atzam-5 http://www.upstreamonline.com/epaper/article1359105.ece Latin American Resources (LAR) has encountered more promising signs while drilling the Atzam-5 well on Block 1-2005 in Guatemala’s South Peten basin. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/epaper/article1359105.ece Wed, 23 Apr 2014 00:46:48 +0000 epaper Gazprom lifts Prirazlomnoye cargo http://www.upstreamonline.com/epaper/article1359104.ece Russia’s Gazprom has lifted its first oil cargo from the Prirazlomnoye field, the only Russian hydrocarbon development in the Arctic shelf. bianca.bartucciotto@upstreamonline.com (Bianca Bartucciotto) http://www.upstreamonline.com/epaper/article1359104.ece Wed, 23 Apr 2014 00:22:50 +0000 epaper US oil falls on record supply sentiment http://www.upstreamonline.com/live/article1359103.ece US crude futures fell on Tuesday ahead of data expected to show that inventories in the world's top oil-consuming nation have risen close to record highs, a report said. (News Wires) http://www.upstreamonline.com/live/article1359103.ece Tue, 22 Apr 2014 22:44:36 +0000 live BP sells Alaska assets to Hilcorp http://www.upstreamonline.com/live/article1359102.ece UK supermajor BP has agreed to sell off interests in four operated oilfields on Alaska's North Slope to privately held Hilcorp. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/article1359102.ece Tue, 22 Apr 2014 21:58:19 +0000 live Nabors profits fall in first quarter http://www.upstreamonline.com/live/article1359100.ece Top land driller Nabors Industries saw profits take a dip in the first quarter but saw reason for optimism on the back of improving conditions in the North American onshore market. Kathrine.Schmidt@upstreamonline.com (Kathrine Schmidt) http://www.upstreamonline.com/live/article1359100.ece Tue, 22 Apr 2014 20:58:06 +0000 live FMC profits rise by 32% http://www.upstreamonline.com/live/article1359101.ece Houston-based FMC Technologies posted a 32% increase in quarterly profit on increased revenue and reported a record backlog in subsea orders. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/article1359101.ece Tue, 22 Apr 2014 20:50:31 +0000 live EnerJex success on Colorado workovers http://www.upstreamonline.com/live/article1359099.ece A conventional workover programme in Colorado undertaken by EnerJex Resources has yielded strong results for the US minnow, as the company more than quadrupled its gas output from its shallow Niobrara operations. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/article1359099.ece Tue, 22 Apr 2014 20:26:33 +0000 live Technip to sell Seamec stake http://www.upstreamonline.com/epaper/article1359098.ece French engineering giant Technip has agreed to sell its majority stake in diving support vessel operator Seamec to HAL Offshore of India. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/epaper/article1359098.ece Tue, 22 Apr 2014 18:59:33 +0000 epaper Ensco works on 'temporary' semisub repairs http://www.upstreamonline.com/epaper/article1359072.ece Contractor Ensco on Tuesday was overseeing the underwater welding of steel to the hull of semi-submersible Ensco 8506 to repair damages sustained in stormy seas last week in the deep-water Gulf of Mexico. (Anthony Guegel) http://www.upstreamonline.com/epaper/article1359072.ece Tue, 22 Apr 2014 17:19:22 +0000 epaper Halliburton to build Texas training facility http://www.upstreamonline.com/live/article1359054.ece Oilfield services giant Halliburton is building a new facility in Texas to test new technologies and train employees for all of its business lines. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/live/article1359054.ece Tue, 22 Apr 2014 16:08:11 +0000 live Prysmian gains $41m Zakum work http://www.upstreamonline.com/epaper/article1359034.ece Italy's Prysmian Group has won a €30 million ($41.68 million) contract to provide submarine cable links for the replacement of power feeding systems at the Zakum oilfield off Abu Dhabi. Bill.Lehane@upstreamonline.com (Bill Lehane) http://www.upstreamonline.com/epaper/article1359034.ece Tue, 22 Apr 2014 14:44:38 +0000 epaper Odfjell to axe staff http://www.upstreamonline.com/live/article1359029.ece Odfjell Drilling has confirmed that it is laying off 43 staff at a Norwegian office due to a slump in engineering work for one of its divisions. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/article1359029.ece Tue, 22 Apr 2014 14:18:25 +0000 live Farstad nets charters worth $87m http://www.upstreamonline.com/live/article1359025.ece Norway’s Farstad Shipping has gained new work for 12 of its platform supply vessels and anchor-handling tug supply vessels worth a combined Nkr 525 million ($87.86 million). Bill.Lehane@upstreamonline.com (Bill Lehane) http://www.upstreamonline.com/live/article1359025.ece Tue, 22 Apr 2014 13:39:32 +0000 live Cepsa starts Kenya shoot http://www.upstreamonline.com/live/article1359024.ece Spanish oil company Cepsa has kicked off a 2D seismic survey over Block 11A onshore Kenya, according to US partner ERHC. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/live/article1359024.ece Tue, 22 Apr 2014 12:32:45 +0000 live Magnum in Canada exit http://www.upstreamonline.com/epaper/article1359020.ece US independent Magnum Hunter Resources has inked a deal to sell its Canadian subsidiary for C$75 million ($67.5 million) to complete its exit from the country. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/epaper/article1359020.ece Tue, 22 Apr 2014 11:56:14 +0000 epaper Baker Hughes, Aker join forces subsea http://www.upstreamonline.com/live/article1359015.ece Norway’s Aker Solutions and US services giant Baker Hughes have agreed to form a subsea production technology alliance. Bill.Lehane@upstreamonline.com (Bill Lehane) http://www.upstreamonline.com/live/article1359015.ece Tue, 22 Apr 2014 11:35:57 +0000 live Decom North Sea appoints CEO http://www.upstreamonline.com/epaper/article1359006.ece Decommissioning industry group Decom North Sea (DNS) has appointed KDC Contractors sales and marketing director Nigel Jenkins as its next chief executive. Bill.Lehane@upstreamonline.com (Bill Lehane) http://www.upstreamonline.com/epaper/article1359006.ece Tue, 22 Apr 2014 09:26:58 +0000 epaper Ross nets more Suncor work http://www.upstreamonline.com/live/article1359005.ece Norway’s Ross Offshore has penned a contract extension with Suncor Energy for work in the North Sea. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/article1359005.ece Tue, 22 Apr 2014 09:23:46 +0000 live Petrobras pulls FOE rig charter http://www.upstreamonline.com/epaper/article1359002.ece Petrobras has decided to terminate a contract with Fred Olsen Energy (FOE) for use of one of its drilling rigs off Brazil. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/epaper/article1359002.ece Tue, 22 Apr 2014 08:34:42 +0000 epaper Ocean Installer wins Dunlin work http://www.upstreamonline.com/live/article1359001.ece Norwegian contractor Ocean Installer has landed a contract from UK independent Fairfield Energy for air diving services and light subsea construction work at the UK North Sea’s Dunlin field. Bill.Lehane@upstreamonline.com (Bill Lehane) http://www.upstreamonline.com/live/article1359001.ece Tue, 22 Apr 2014 08:25:18 +0000 live Repsol nears Namibia spud http://www.upstreamonline.com/live/article1358997.ece Repsol is finally nearing the spud of a keenly-watched well off southern Africa where it has been delayed for more than two months. Eoin.Ocinneide@upstreamonline.com (Eoin O'Cinneide) http://www.upstreamonline.com/live/article1358997.ece Tue, 22 Apr 2014 07:37:44 +0000 live Lundin faces well costs hit http://www.upstreamonline.com/epaper/article1359000.ece Lundin Petroleum has warned its first-quarter results will be hit by hefty exploration costs on four non-commercial wells drilled off Norway and Indonesia. Steve.Marshall@upstreamonline.com (Steve Marshall) http://www.upstreamonline.com/epaper/article1359000.ece Tue, 22 Apr 2014 07:37:43 +0000 epaper Natala questions PetroNeft farm-out http://www.upstreamonline.com/epaper/article1358998.ece The largest shareholder in Russia-focused Petroneft, Natala Partners, has questioned the details of the company’s planned farm-out with India Oil. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/epaper/article1358998.ece Tue, 22 Apr 2014 07:29:36 +0000 epaper Two workers killed in dock fire http://www.upstreamonline.com/live/article1358999.ece Two people have been killed following a fire at the Hyundai Heavy Industries shipyard in Ulsan, South Korea, with two more injured. (News Wires), bianca.bartucciotto@upstreamonline.com (Bianca Bartucciotto) http://www.upstreamonline.com/live/article1358999.ece Tue, 22 Apr 2014 07:26:45 +0000 live Ghana solution found http://www.upstreamonline.com/live/article1358994.ece Two key African players have joined forces to address the gas deficit and supply risk in Ghana, signing a joint venture agreement. bianca.bartucciotto@upstreamonline.com (Bianca Bartucciotto) http://www.upstreamonline.com/live/article1358994.ece Tue, 22 Apr 2014 06:34:56 +0000 live Date set for Macondo penalty phase http://www.upstreamonline.com/live/article1358993.ece A US federal judge has laid out a road map for the third and final penalty phase of a civil trial against UK supermajor BP over the April 2010 Macondo spill. Kathrine.Schmidt@upstreamonline.com (Kathrine Schmidt) http://www.upstreamonline.com/live/article1358993.ece Tue, 22 Apr 2014 06:14:35 +0000 live Hoegh takes vessel http://www.upstreamonline.com/epaper/article1358992.ece South Korea-based Hyundai Heavy Industries has delivered the Lampung floating storage regasification unit vessel to Oslo-listed Hoegh LNG. bianca.bartucciotto@upstreamonline.com (Bianca Bartucciotto) http://www.upstreamonline.com/epaper/article1358992.ece Tue, 22 Apr 2014 05:30:27 +0000 epaper OMV ticks the boxes http://www.upstreamonline.com/live/article1358991.ece New Zealand-based company OMV has finished seismic in the Taranaki basin which fulfils the company’s obligations in the permit. bianca.bartucciotto@upstreamonline.com (Bianca Bartucciotto) http://www.upstreamonline.com/live/article1358991.ece Tue, 22 Apr 2014 04:58:18 +0000 live Brent holds near $110 http://www.upstreamonline.com/live/article1358990.ece Brent futures held near a six-week high above $110 a barrel on Tuesday on worries a pact to calm tensions in Ukraine was faltering, although expectations of a gain in US crude stockpiles weighed on prices. (News Wires) http://www.upstreamonline.com/live/article1358990.ece Tue, 22 Apr 2014 04:41:59 +0000 live Beach spuds Otway well http://www.upstreamonline.com/epaper/article1358989.ece Australian duo Beach Energy and Cooper Energy have spudded the second of two wells targeting the Casterton formation with the Penola Trough of the onshore Otway basin, South Australia. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/epaper/article1358989.ece Tue, 22 Apr 2014 04:23:05 +0000 epaper Petronas targets international expansion http://www.upstreamonline.com/live/article1358988.ece Malaysia’s state-run oil company Petronas is looking to expand in Brazil, Russia, India, China and South Africa, according to reports. (News Wires) http://www.upstreamonline.com/live/article1358988.ece Tue, 22 Apr 2014 03:41:48 +0000 live Oil Search sees revenue and output slip http://www.upstreamonline.com/live/article1358987.ece Australia-listed company Oil Search saw revenue slip during the first quarter of the year along with production. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/live/article1358987.ece Tue, 22 Apr 2014 02:42:04 +0000 live MEO given nod for revised work programme http://www.upstreamonline.com/epaper/article1358984.ece MEO Australia has been given the nod to vary its work programme for two exploration permits in the Vulcan sub-basin, off the coast of north-west Australia. Josh.Lewis@upstreamonline.com (Josh Lewis) http://www.upstreamonline.com/epaper/article1358984.ece Tue, 22 Apr 2014 00:55:01 +0000 epaper Helix posts higher profits http://www.upstreamonline.com/epaper/article1358982.ece Subsea specialist Helix Energy Solutions posted higher income in the first quarter despite a slight dip in vessel utilisation as the company's well intervention segment led the way. Luke.Johnson@upstreamonline.com (Luke Johnson) http://www.upstreamonline.com/epaper/article1358982.ece Mon, 21 Apr 2014 23:02:26 +0000 epaper